WiSA Technologies (WISA) Prices 153.84M Unit Offering at $0.065/unit

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Go back to WiSA Technologies (WISA) Prices 153.84M Unit Offering at $0.065/unit

WiSA Technologies Announces Pricing of $10.0 Million Public Offering

February 12, 2024 9:20 AM EST

BEAVERTON, Ore.--(BUSINESS WIRE)-- WiSA Technologies, Inc. (Nasdaq: WISA or the Company), a leading innovator in wireless audio technology for intelligent devices and next-generation home entertainment systems, today announced the pricing of a public offering of 153,840,000 units, with each unit consisting of one share of common stock (or pre-funded warrant in lieu thereof) and one warrant, each to purchase one (1) share of common stock for gross proceeds of approximately $10.0 million. Each unit was sold at an effective public offering price of $0.065. The warrants will be exercisable on the date of stockholder approval at an exercise price of $0.065 and... More